Brazilian Development Bank
The National Bank for Economic and Social Development is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world. Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%.
BNDES Building
Bank building next to Petrobras headquarters.
The Belo Monte Dam is a hydroelectric dam complex on the northern part of the Xingu River in the state of Pará, Brazil. After its completion, with the installation of its 18th turbine, in November 2019, the installed capacity of the dam complex is 11,233 megawatts (MW), which makes it the second largest hydroelectric dam complex in Brazil and the fifth largest in the world by installed capacity, behind the Three Gorges Dam, Baihetan Dam and the Xiluodu Dam in China and the Brazilian-Paraguayan Itaipu Dam. Considering the oscillations of river flow, guaranteed minimum capacity generation from the Belo Monte Dam would measure 4,571 MW, 39% of its maximum capacity.
Main dam
Overview of the dam complex
Chief Roani opposing the Belo Monnte Dam at a press conference
Chief Raoni in Paris with his petition against Belo Monte Dam.